Pursuits
ChemChina, New Hope Said to Weigh McDonald’s Franchise Bids
- KKR may team up with a Chinese firm to make joint bid
- Mainland China franchise rights could fetch $2 billion
A McDonald's Corp. restaurant in Carrolton, Kentucky.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
China National Chemical Corp. and New Hope Group Co. are among companies considering bids for McDonald’s Corp. operations in the world’s most populous nation, people with knowledge of the matter said.
Buyout firm KKR & Co. is considering teaming up with a Chinese firm to make a joint bid for the mainland China franchise rights, which could fetch about $2 billion, the people said, asking not to be identified because the information is private. Potential suitors were asked to submit first-round offers by next week, according to the people.